If the amount of uncollectible account expense is understated at year end
A)net income will be understated.
B)stockholders' equity will be understated.
C)Allowance for Doubtful accounts will be overstated.
D)the cash realizable value of accounts receivable will be overstated.

Question

Quizplus · Accepted Answer

Understating uncollectible account expense means that the Allowance for Doubtful Accounts is also understated, leading to an overstatement of the cash realizable value of accounts receivable.

If the Amount of Uncollectible Account Expense Is Understated at Year